17/10/2008

Cork To Lose 25 Jobs

A leading Cork-based manufacturer of pharmaceuticals is to shed jobs.

Janseen Pharmaceutical has asked 25 of its workers to volunteer for redundancy at its Little Island plant in Cork.

The jobs represent just over 10% of the workforce and the company - a subsidiary of Johnson and Johnson - told staff yesterday that it needs to reduce costs to remain competitive.

According to reports, the pharmaceutical company is seeking to cope with the imminent expiration of patents on a number of its drugs, and there have also been delays in new products coming on line.

(DW)

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